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Funds and asset management law in Corfu, Greece, operates within the framework of Greek national law and European Union regulations. The sector covers the creation, management, and supervision of collective investment schemes, mutual funds, portfolio management, and alternative investment funds. Financial institutions and investment managers in Corfu must comply with strict rules designed to protect investors and ensure market transparency. With its unique status as a prominent tourist destination and an attractive location for foreign investors, Corfu experiences increasing interest in wealth management, real estate investments, and other financial services. Legal guidance is essential for both private investors and organizations looking to manage or invest assets legally and efficiently in this region.
There are several circumstances in which individuals or businesses may need a lawyer regarding funds and asset management in Corfu, Greece. These include starting or managing investment funds, structuring cross-border investments, ensuring tax compliance, drafting or reviewing investment contracts, complying with anti-money laundering requirements, and resolving disputes related to asset management. Lawyers can also help navigate Greek and EU regulations, assist with fund licensing procedures, advise on the best legal structures for investments, and represent clients before regulatory bodies. Whether you are an institutional investor, a fund manager, or a private individual, professional legal advice can help mitigate risks and maximize your financial outcomes.
Greek funds and asset management operations are governed by both national legislation and EU directives such as MiFID II and AIFMD. In Corfu, local regulations are enforced through the Hellenic Capital Market Commission (HCMC) and the Bank of Greece. Key legal aspects include the licensing of fund managers, disclosure and transparency requirements, investor protection, anti-money laundering measures, and taxation of investment income. Management companies must be properly registered and licensed, and they must meet specific capital, organizational, and reporting standards. Asset and wealth management for non-residents can also be subject to complex tax and regulatory considerations. It is crucial to understand how these intersecting legal requirements apply to your particular situation in Corfu.
You can establish various types of investment funds in Corfu, including mutual funds, alternative investment funds (AIFs), and UCITS-compliant funds, depending on your investment strategy and target investors.
Fund managers must be registered and licensed by the Hellenic Capital Market Commission, fulfilling requirements regarding education, professional experience, minimum capital, and compliance with reporting and anti-money laundering regulations.
While Greece encourages foreign investment, certain regulatory requirements and reporting obligations must be met. Tax residency status and compliance with anti-money laundering laws are especially important for foreign investors.
Taxation depends on the type of fund and the residency of investors. Generally, mutual funds are subject to favorable regimes, but investors are taxed on distributions or capital gains, subject to applicable double tax treaties.
Asset management companies in Corfu commonly operate as Societe Anonyme (S.A.), but other forms like limited liability companies (E.P.E.) or partnerships are also allowed, each with different regulatory and tax implications.
Yes, providing portfolio management or investment advisory services requires a license from the Hellenic Capital Market Commission, along with ongoing compliance, financial, and reporting duties.
Investor protection is central to Greek and EU regulation, with safeguards such as disclosure obligations, segregation of client assets, compensation schemes, and supervision by regulatory bodies like the HCMC.
Strict AML measures are implemented, including client identification, transaction monitoring, record keeping, and the obligation to report suspicious activities. Non-compliance can result in severe penalties.
Yes, lawyers can represent individuals and firms in negotiations, arbitration, or litigation involving asset mismanagement, contractual breaches, or regulatory issues linked to funds and asset management.
You should evaluate the fund's legal structure, regulatory status, past performance, risk profile, fees, and the credibility of its managers. It is advisable to consult a local lawyer to review all documentation before investing.
If you require more information or assistance regarding funds and asset management in Corfu, the following resources may be valuable:
If you are considering establishing, managing, or investing in a fund or asset management service in Corfu, start by gathering all relevant information about your investment goals, financial situation, and preferred fund structures. Next, consult with a qualified lawyer who specializes in Greek funds and asset management law. They will help you understand regulatory requirements, draft and review documents, and ensure full compliance with local and European regulations. You may contact the Corfu Bar Association to identify experienced lawyers in this field. Always request an initial consultation to discuss your needs, explore potential legal challenges, and clarify fee arrangements before proceeding.
